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in the first place. wall street cannot be allowed to be reinstated. it drove our economy off the cliff and people tried to punish our records but they were not the ones that drove off the cliff. yet that is where the budget goes to recoup. it's time for us to have responsible regulation that makes sense. >> thank you very much >> moderator: final question i will be asking. you have three minutes to both answer the question and then make your closing remarks. mr. renacci, you talk a lot about a bipartisan group that you are a member of, 16 members, eight republicans, eight democrats, and devotee sutton you talk about reaching across the offer cash for clunkers. no single party can have all of the good ideas. i wonder what you heard from your colleagues on the other side of the all that makes sense, and what are you doing specifically to bring the governments instead of gridlock to the nation's capital? and i think we split ahead of time, and the first response, final response will go to congresswoman sutton. sutton: thanks very much for the question. i think building those relationships
that the economy is a top issue, you run into a risk of focusing on too many items as opposed to jobs and economic issues. host: there will also be a foreign policy debate coming up on october 22. is this a sort of preview of that debate? will this be a preview for the obama camp to see what they will be talking about, coming up? caller: it will be a chance for governor romney to do a preview, yes. the thing that i think occurred many times before, romney camp -- came out and named a lot of these things fairly forcefully. from what we saw yesterday, this will be an even stronger reputation of his view on those issues. getting out on the campaign trail at these paul ryan events, particularly when it comes to the issue of things like foreign aid and how this country deals with the resources when it comes to other places, we do not exactly see that relationship being reciprocal. it is something that has gotten a surprising amount of attention on the trail over the last few weeks. it could be an area where the mitt romney campaign is looking forward as they decided to hold this speech. host: one piece
economy will slow oil demand growth and more oil put into the economy. nevertheless, nymex is up because they talk about as well this morning spiking higher anyway. and we've seen brent surprisingly up near 116, 15.60, as well. so the iranian exports hitting a new low in september may just be helping that spike up. >> iea says supply risk whether iran, iraq, are still a fact of life in the oil market. nevertheless it does see opec spare capacity more than doubling in the next five years. >> there's a difference between that five year forecast and the short term. so we'll talk about the oil markets. also plenty more to come on today's show, as well. >> we'll find out why howard mark says gold is not an intelligent investment. we'll also hear from the chief exec tip of infosys. find out why the investors didn't like the latest results. >>> plus we'll catch up with the world trade organization. and later in the show, we let a democrat and republican fight it out on our air over who won last neat's vice presidential debate. but it's a subjective view. >> can we get that the testimony thinks
the election's all about the economy and both men were trading jabs today in the battleground state of virginia. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> when i'm president of the united states, that unemployment rate is going to come down not because people are giving up and dropping out of the work force, but because we're creating more jobs. i will create jobs and get america working again. >> let's get right to tonight's big story. with senator john mccain, the arizona senator and former presidential candidate joining me now. welcome to you, senator. >> thank you, piers. >> we are going to come to the debate in a moment. you've been one of the only people who debated both barack obama and mitt romney so you're in a unique place to tell me what you made of the new style romney and indeed, obama. before we get there, though, today's big news on the jobs front. whichever way you spin this from the republican side, this has to be good news not only for the p
very is the truth, but that is neither here nor there. >> on jobs, when the economy -- president said the economy created 5 million jobs, is that true? >> i do not know. these numbers are so squishy, it is not 100% clear to me who is right about jobs. when i know is what they were saying on friday morning when they released those numbers. for the first time, more people who were out of the work force were getting jobs, and that is news. >> it is also import to keep in mind who has been hard hit by the economy. largely younger americans, african-americans, and hispanics. either those who would not vote or are supporting president obama. so i think you have got a pool of swing voters out there who are actually doing better by now in this economy than many people. >> let us talk about entitlement. >> if you are around 60 or older, you do not need to listen any further, but for younger people, we did talk about what changes are occurring. >> if you are 55, you may want to listen. this will affect you. >> this is the debate over congressman ryan's plan to turn medicare into a voucher progr
the inevitable ups and downs of incoming data, it appears the economy is growing at such a pace that absent policy action, progress, and reducing unemployment will likely be so for some time. in the meantime inflation is subdued, running at or below our long-run objective of 2%, while longer run inflation expectations remain well anchored. the federal funds rate were 3%, we would have in my view an open and shut case for lowering it. the complication, of course, is that the funds is at its lower bound which means we can't turn that dial further. we have to use unconventional tools such as land guidance about the future path of the funds rate. with respect to lsaps, my belief, this echos the views that chairman bernanke expressed at jackson hole, is that prior rounds of lsaps have placed a significant role in supporting activity and in preventing a worrisome undershoot of our inflation objective. the case is especially strong with respect to the first round of lsaps which was a very potent piece of policy action that helped to bring the economy back from the brink in 2009. however, we now fa
here in the hall tonight and from online have to do with the american economy and, in fact, with global economic conditions. i understand that you flipped a coin. and, senator obama, you will begin tonight. and we're going to have our first question from over here in section a from alan schaefer. alan? >> with the economy on the downturn and retired and older citizens and workers losing their incomes, what's the fastest, most positive solution to bail these people out of the economic ruin? >> well, alan, thank you very much for the question. i want to first, obviously, thank belmont university, tom, thank you, and to all of you who are participating tonight and those of you who sent e-mail questions in. i think everybody knows now we are in the worst financial crisis since the great depression. and a lot of you, i think, are worried about your jobs, your pensions, your retirement accounts, your ability to send your child or your grandchild to college. and i believe this is a final verdict on the failed economic policies of the last eight years, strongly promoted by president bush and su
, how would you describe the jobs economy and right now? guest: this is the weakest recovery we have had since world war ii. the jobs numbers each month, we have averaged around 145,000 jobs created per month this year. that is barely enough to keep up with the growth of the working age population. and it has been a somewhat brazilian recovery in that there have been a lot of fears that we would go back into recession at various times and that has not happened. the overall economy has grown roughly 2% since the recession ended in june, 2009. that is a fairly weak growth rate, particularly after the death of the recession. by many measures, this is easily the worst since the great depression corporate -- the so the weak growth we've had since then has been difficult for the unemployed. we have a lot of long-term unemployed, that's been a record -- in the past it's at record levels. and we've talked about the crisis of long-term unemployment. hopefully it will pick up soon. host: let's take some calls from our guest and we want to hear about your job suation. caller: good morning. host: pl
the economy to score a few political points. it's a reminder that this country has come too far to turn back now. [ applause ] >> when i'm president of the united states -- [ applause ] >> -- that unemployment rate is going to come down, not because people are giving up and dropping out of the work force, but because we're creating more jobs. i will create more jobs and get america working again. >> let's get right to tonight's big story. we're with john mccain, former presidential candidate, and he joins me now. welcome to you, senator. >> thank you, piers. >> when it comes to the debate, you were one of the only people, actually, who has debated both barack obama and mitt romney, so you are in a unique place to tell me what you made of both of their performance. whatever way you spin this from the republican side, the job front has to be good news not only for the president but also america, but the number has now gone down to 7.8% for the first time since 8% of his presidency. >> i think that's found to be good news, but i also think you have to take it in the context that 7.8% is still u
that the global economy has weakened further and now predicts slower growth for the next year. the advanced economies like the u.s., imf saying growth now too slow to make a serious dent in unemployment. meantime the imf predicting growth will begin to slow down in emerging economies such as china. the global forecast now at 3.3% for this year. by the way, that is down from the july estimate of 3.5%. >> you can call it general feeling of uncertainty about the future. worries about the ability of european policymakers who controlle euro crisis, worries about the failure of u.s. policymakers to agree on a fiscal plan. >> as for greece, the imf sees athens missing that five year at the time reduction target that underpins the euro bailout. so they could have problems. and also warning that spain will likely miss its targets in 2012 and 2013 and debt will jump to more than 90% of gdp as it recapitalizes its banking sector. joe. >> i'm looking at an interesting piece on the imf. what got me is that it will slow to 3.3. and what that shows you is the contribution from developing nations. >> china
think algerians would focus on surviving in the informal economy, but algeria will effectively return to the it is status quo. it'll be this big, glaring absence in north africa. the largest country in africa disengages from the international community, solutions to the instability that dr. zoubir mentioned, solutions to the instability in sir car or northern -- syria or northern mali. what would make this all the more glaring is if our worst fears about libya were to come to pass. as i mentioned before, the libyan government is very much committed to the road map they've laid out, they're very committed to the political process, but i'd like to bring you back to the middle of 2011. at the time, gadhafi's head of external security defected. and when he defected, he warned that libya would become like somalia. and at the time i think most frames of references were to mogadishu, to a black hawk down moment. and, unfortunately, we have had a black hawk down moment in benghazi. but i think he's, you know, a are nuanced guy. and what i think he was referring to was a much broader frame of
for hundreds of jobs. i just got a job so i believe the economy is getting better. host: you start a job on monday? what kind of industry? caller: it will be in health care. host: what does that mean? caller: where they deliver medical supplies and you take them to the hospital for distribution and delivery. host: what kind of money we make now compared to what you made in the past? caller: is not a pay cut but it is safe -- it is not a big pay cut, but it is a pay cut. host: so it's full-time work? caller: yes. host: what are the benefits like? caller: decent. host: you start monday -- john, tallahassee, florida is up next, hello. caller: hello, how are you doing? host: fine, thank you. caller: when you take all the jobs overseas, we cannot go overseas and work. that means someone will be unemployed. i think we need to make a demand of the entire planet and work towards creating the supply. i also think they should focus more on helping the small businesses -- financing small businesses which is creating more jobs than big business. i also would like to say that there is a lot of repeti
from the truth, that is neither here nor there. he argued the case effectively. >> the economy created 5 billion -- million jobs in the past few years. is that true? >> i do not know. these numbers are so squishy. it is not 100% clear to me who is right about jobs. what i know is when they were saying on friday morning when they release those numbers, that for the first time, more people who were out of the work force were getting jobs. that is news. >> it is also important to keep in mind who had been hard hit by the economy. largely younger americans, african-americans, or hispanics. those who are either not going to vote or are supporting president obama. so i think you have got a pool of swing voters out there who are actually doing better right now in this economy than many people. >> let us talk about entitlements. >> if you are 60 or older, you do not need to listen any further. but for younger people, we need to talk about what changes will be occurring. >> if you are 54 or 55, you may want to listen. this will affect you. >> this was the debate over congressman ryan's plan to
start, i want to thank the mayor for your endorsement and support. thank you both for coming. economy. the whole race is about that. we held one of our first jobs fares here because we want to connect people with jobs. when you put a title on a bill in washington that says jobs bill, you have to read the bill. those bills in particular were rejected in a bipartisan manner, and that means democrats and republicans recognize that by taking for under $50 billion in taxes out of the private sector and giving it to washington to increase government spending, that is not the answer. the best answer is to come and put the money in the communities. i went down there today and he did not say, thank you for coming. please take this money and bring it back to washington. he said, go back to washington and tell them they need a reality check. we are tired of the overspending and the taxing and taking more money out of the economy. there are real challenges here. i used to live here. i worked and i lived over there. i understand. many businesses are hurting right now. regulatory tax uncertainty is
with their fairs, so we can develop geothermal energy and boost our economy. and the way we're going to go about doing it is public/private partnerships with local input and authority so that we can come together and stop this bickering and attack talk and all this other stuff that congresswoman bono mack is so adept at and skilled, but really come up with some problem-solving solutions. and that's what's missing in congress, and that's what's missing in congresswoman bono mack. >> all right, thank you, dr. ruiz. congresswoman, you have one minute. >> thank you. first of all, let me go to this constant bickering that i'm hearing about bickering. you have done nothing, dr. ruiz, at all to take responsibility. you haven't even had a plan for the sea until now that it's been asked of you. clearly you don't understand the complexities of the sea. i would love to know what your thoughts are on the quantification settlement agreement. how do we take control from the state of california? this is what it's all about, dr. ruiz. i and others, including partners like senator feinstein, senator denise due c
into the economy. about $150 a week more for white womenton average, for women of color somewhere between $250 and $350. and it would be injected into the economy. we are going to spend it and it is going to create jobs. so wherever we look, i think we see what's at stake because, of course, the folks that would have to pay that equal pay don't want to pay it. women are in the world at large are the single greatest source of cheap labor and unpaid labor and that is a source of rstens, right. and we are also the means of reproduction. hello, if we were not the means of reproduction, we would be fine because it is necessary to nationalism, there are only two pill lars of nationalism, controlling territory and population. it is necessary for our means and cheap labor, it is necessary to control reproduction in order to perp wait racial divisions and class divisions and eth nick divisions. you have to isolate the support women so they maintain the purity of some group and exploit the women who are supposedly not the support women in order to create cheap labor. i'm sure that we were all having hea
because it is when the middle class is growing that the economy grows and everybody does well. much as the focus on corporate america. >> i think the commission also. it is a privilege to be here and speak with americans. a good barometer here to see if this was a good time are a bad time in america's economy -- go to a kids' soccer game on saturday and turn any parent on the sideline and say how are you feeling about the economy and i bet you you will hear some fear in that parents voice. fear regarding the few investments that some of us have in the stock market. did we just take a major hit with those investments? fear about how will we afford to send our kids to college. a fear as small-business owners on how we will bar any made to increase inventory or hire more people. the barometer will be resoundingly that our economy is hurting and the federal government has not provided the sound oversight that we need and that we deserve and we need reform to that end. john mccain, thankfully, has been one representing reform could two years ago, john mccain was the one who pushed so har
that used to be. bill: republican nominee continues to press on this issue, that's the economy. >> can we afford four more years like the last four years? he wants another stimulus. how did that first one work out? and then, he wants to pick winners and losers among companies, or losers in his case and then, of course he wants to hire more government workers. look, all of these things have not ignited our economy the way it should be ignited. we've seen the slowest recovery from a recession. bill: john roberts traveling with the campaign. live in vanmeter, iowa, that is west of des moines. what is happening there, john? >> reporter: good morning. governor romney will be talking agriculture today. not surprisingly we're on a 700 acre farm owned by the cook family. a lot of soybeans and corn here. we're in madison county. governor romney won this in the caucuses by the way. he will argue the president's policies things like estate taxes, climate change, environmental regulations, energy policy are hurting farmers. he continues to go after the president on issue of jobs of the even though th
in discretionary spending cuts will drive the economy back into recession and cost 2 million jobs. on the other hand, it would go a long way to reducing the budget deficit. even by washington standards, that sounds important. to discuss the fiscal cliff, we have a panel of four budget watchers. format today will have each of our panelists speaking for about four minutes and i will ask questions and we will turn it over to the audience and give you a chance to ask questions. we have people watch it on c- span and the web. if you're not in the room and have questions, send them to public affairsaturbn,.org. we will start with donald. >> thanks to everybody for being here and raiding the rain to talk about the fiscal cliff. i will try not to ruin your lunch. we at the tax policy center put out a big report yesterday about the tax component of the fiscal cliff going through various details and what the effects would be on the american household. to want to make five basic points. the fiscal cliff really is bigger attacks point of view. if we remain there for all of 2013, it would be more than $500
a problem with government -- >> we had a downturn in the economy. we have hard times, people looking for work and not able to find jobs. >> 65% of federal spending going to individual payments. it may not sound good, but we have created a welfare state. >> to blame it all on president obama is even worse. to declare the president of the united states is manipulating so people will stay and vote democrat? i think that is the most ridiculous thing i have ever heard. such a cynical view of the presidency and of government. that cannot possibly reflect -- >> your response? >> i think a far better approach than a dependency is removing the barrier the federal government puts in place to small businesses and allowing entrepreneurs and small businesses to drive. >> what barriers? >> i am very happy to discuss the various. >> i wish she would. >> let him finish and make his point, then you can respond. >> what texans are looking for, and what is inherent in the east coast of texas, is that we are not looking for handouts. we're looking for the chance to the entrepreneur is, to work to achiev
, spend. it's good for the economy. if you love it, that's all that matters. thank you for joining. everybody, "ac 360" starts now. >>> good evening, everyone. we begin tonight with breaking news. late polling that reads like a battle damage assessment from last week's presidential debate, both nationally and in one battleground state it shows a big swing toward mitt romney. take a look. late this afternoon, there was this latest national pew research poll. governor romney now holding a four point lead among likely voters surveyed october 4th through the 7th, after the debate. that's a b swing from mid-september when president obama was ahead by eight. that was this afternoon. just a short time ago, a poll running in the detroit free press shows the president's lead shrinking to just three points in michigan. mr. obama had a ten point lead there last month. mitt romney's running mate, paul ryan, is in michigan tonight addressing a rally at oakland university in the town of rochester just outside detroit. the question tonight, if the mood of voters is changing here, could it also be
for this country. you look at what's happening with the economy, take a look at the mess all over the world they are writing and writing with hatred toward us, toward the united states. when i see that and see the kind of effort he put on to put these people together and make them like us, boy do they hate us it's the exact opposite. i came up with the expression the unlucky president. he is unlucky for this country. not unlucky for himself. if you look at the campaigns and what he did he had a lot of luck on the side. he limped over the finish line. he is unlucky for the country. >> i don't know if it is luck as much as he reads a teleprompter pretty well and they never gave it any scrutiny. nobody closed this election. it's still wide open. that raises the question if you were sitting across not from me but mitt romney you had a mess samming to send mitt what would it be? >> i think they have to get tougher. i think their convention was not good. you thought the democrats did a good job. he was talking about how they picked up something with their convention they are talking about women a
and john mccain was on the look -- hook for six words -- "the fundamentals of the economy are strong." then things calmed down on our side. you start to go deeper into september and things begin to unravel. sarah palin gives a bad interview to katie couric around this time. and last night four years ago was the first debate. the pressure could not have been higher. on top of that, senator mccain was doing this dance between washington and the campaign trail. he had gone to washington for the bailout package and said he would not go to the debate unless there was a bailout package. we did not even know of john mccain would show up on the night. so that september, mitt romney had a tough month, people ask me all the time with a point to happen? , if you's pretty early think. think. 18 days with sarah palin seemed like a lifetime to me. got two lifetimes, that's like 40 days. a lot can happen on the campaign trail between now and then. it's a very interesting time. let's roll back a little. let's talk about the early days. first, my story. how i got to the campaign. i will go back to se
can't, you should and don't even try. >> there's no jobs for human spirit the economy is bad. it's all my fault and i can't fix it. >> i'm betting on china. >> i'm in over my head. >> not enough money to pay the bank. and we have to move. >> you should vote for mr. romney. >> apparently one should manage to get some behind the scenes video of the president. we told you last week about for lucky donors who won a campaign contest to a dinner with president obama. at least they thought they were lucky until the bill came. >> watch would have been. not a fancy place but watch what happens when the check comes. the check is put down. the president very slyly slides it across. >> and look how much the check is. $14 trillion. 14 trillion. >> thanks everybody. that is it for this special report. >> you couldn't make it up, but why bother? there it is. i want to thank steve and just encase has the urge to start drinking of the, we have supplied them with a case of pbr. that's how he celebrates. the annual mrc dishonors award, as its winners chosen by distinguished cross-section of the vast righ
campaign and white house were aware that they had a very ugly economy and the comments really do not get reelected under these types of economies. they have always come across as hungrier and more aggressive than the romney campaign. in almost every respect. they were ready for a fight from the get go. >> this is what makes the debate so puzzling. the campaign has been hungry. look at the advertising they have been running. really smart advertising. >> who is running the obama campaign? david axelrod? obama? who is running the romney campaign? is the family intervening? >> from the white house, david pluft was the campaign manager in 2008 when they were underdogs. now the senior adviser in the white house. he has the last word on most things in the campaign and in the white house. ji messina, the cam -- the campaign manager in chicago runs an organization carried on the run inside, romney, ceo. when people look back at that campaign, a big factor people will look at is how a this as a person could have created a campaign that has such fuzzy lines of accountability, a campaign management
're not getting that. look, we can grow this economy faster. that's what our five-point plan for a stronger middle class is all about. it's about getting 12 million jobs, higher take home pay, getting people out of poverty into the middle class. that means going with proven pro-growth policies that we know work to get people back to work. putting ideas on the table, working with democrats, that actually works sometimes. and then -- >> vice president, could we get to that issue of what you could bring as a man, human being? i'm really going to keep you to about 15 seconds here. >> he gets 40? i get 15. >> he didn't have 40. >> let me tell you, my record stands for itself. i never say anything i don't mean. everybody knows whatever i say i do. and my whole life has been devoted to leveling the playing field for middle class people. giving them an even break. treating main street and wall street the same. holding them to the same responsibility. look at my record. it's been all about the middle class. they're the people who grow this country. we think we grow the country the middle out, not from the
, wouldn't it be nice to have a job creator in the white house? the choice is clear. a stagnant economy that promotes more government dependency, or a dynamic growing economy that promotes opportunity and jobs? mitt romney and i will not duck the tough issues. and we will not blame others for the next four years. we will take responsibility and we will not try to replace our founding principles. we will reapply our founding princip principles. the choice is clear. and the choice rests with you. and we ask you for your vote. thank you. >> and thank you, both, again. thank you very much. this concludes the vice presidential debate. please tune in next tuesday for the second presidential debate at hofstra university in new york. i'm martha raddatz of abc news. i do hope all of you go to the polls. have a good evening. >> that was 90 minutes that felt like it was about nine minutes. a fast-moving intensely combative debate for the vice presidential debate this year, focused on complex substantial issues of foreign policy as much as it focused on economic and social issues, obviously they di
economy. a .3% drop from last month. mitt romney, meanwhile, downplaying it. >> we learned the unemployment rate is now at its lowest level since i took office. more americans are entering the work force. more americans are getting jobs. too many of our friends and neighbors are still looking for work or struggling to pay the bills. many of them since long before the crisis hit. we owe it to them to keep moving forward. we've come too far to turn back now. >> you realize the number of people in america, the participation of our adults in the work force were the same as when we got elected our unemployment rate would be about 11%. people in this country are having a hard time finding a job. people in this country are having a hard time making ends meet even if they do have a job. >> the 7.8% figure is the lowest since the president took office and total employment increased 873,000, that is the biggest jump in a monthly number since june of 1983. the numbers bolster president obama's re-election argument and potentially blunts momentum earned by mr. romney in wednesday's deb
of improvement on the economy, closing the gap in most polls. but i want to show you a number. the pew poll shows that 54% of registered voters agree with the phrase doubt that obama knows how to turn the economy around. what do you make of that? >> that's been consistent, and it's been mitt romney's hope. his an state of the economy and whether the president is partially or enough to blame for the bad economy, he's going to lose. that's why you see the president has been launching all the attacks against bain and all the other things he's been doing. so that's been the weakness and the numbers, too, that i'm looking for on the inside the polls are mitt romney's attributes and his ratings among independents because forget whether the polls are skewed for ds or rs, as long as mitt romney keeps winning independents, chances are mitt romney's going to win. in this pew poll, he won independents today, having nothing to do with whether it's skewed one party or the other. that's something to keep your eye on. romney's favorability is moving up, obama's are moving down. mitt romney's winning independen
to the path, because it's the mechanism that'll make all the difference. >> the economy plays a significant role in recruitment and retention. will the economy coupled with talks to change military retirement pay and health care have a negative impact on retaining a professional all-volunteer force? >> i don't know. but, you know, as i travel around and visit with young soldiers, sailors, airmen and marines, and i also visit the coast guard from time to time, and i ask them why'd you come in, the answers are really varied. some of them come in because they want to defend their nation, and they know the nation's at war, and then some come in, as you noted, for economic reasons. what i will tell you is it doesn't matter why they come in, but because once you get 'em and you build into them this sense of purpose and sense of belonging, another attribute, by the way, that tends to be missing in american youth as they try to figure out who and what they are. by the way, i'm not trying to recruit you, but i will tell you that i'm happy to have your kids -- [laughter] but i will tell you that one
the economy, this failing economy. >> if you can't trust in the numbers. let me make this point as a devil's advocate for people expressing skepticism on the right about these numbers. the number of new jobs found in the household survey, not the headline number of 114,000, it's an a no, ma'am mow louse number, the point is these monthly job numbers, they're estimates. it's a massive economy. they're trying to find using these statistical methods changes in a very large economy. every month afterwards the numbers get revised. they're all over the place. >> in this case they revised the earlier numbers up by some $85, 86,000. this means we have created more jobs in the previous months that have not been added. you talk about manipulation. they should have increased that number by that amount and that would have even been more accurate, but they didn't do that. that's the best estimate they had at the moment. >> right. also to the adp survey that comes out a little before the jobs numbers. it's almost always more jobs than you end up getting in the bureau of labor statistics. there's questio
Search Results 0 to 49 of about 94 (some duplicates have been removed)